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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

Euro/Ugandan Shilling (FOREX:EURUGX)

Crossroads (+60) - EURUGX is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid EURUGX?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURUGX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURUGX
Open High Low EURUGX Price Change
4148 4148 4148 4148 0
Entry Signal

MarketClub’s Trade Triangles for EURUGX

long term down The long-term trend has been DOWN since Apr 14th, 2024 at 4106

intermediate term up The intermediate-term trend has been UP since May 22nd, 2024 at 4090

short term up The short-term trend has been UP since May 22nd, 2024 at 4074

Smart Scan Analysis for EURUGX

Based on our trend formula, EURUGX is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for EURUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4148 4148 4148 4148 0
Prev. Close Volume Bid Ask Time
4125 2024-05-23 07:26:12
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